Currency and Coin Services

Currency Print Orders

2015 Federal Reserve Note Print Order

The Board of Governors (the Board), as the issuing authority for Federal Reserve notes, approved and submitted its fiscal year (FY) 2015 order for 7.2 billion Federal Reserve notes, valued at $188.7 billion, to the U.S. Treasury Departmentís Bureau of Engraving and Printing (BEP) on July 22, 2014.1

a. The FY 2015 order includes a small quantity of notes that the BEP has requested to make available for sale in the BEP Store® and to meet special requests from the Secretary of the Treasury. Return to table.

The Boardís order of 7.2 billion notes is 20 percent higher than the FY 2014 order primarily because of a small increase in Reserve Bank net payments (payments less receipts) of transactional denominations ($1, $5, $10 and $20 notes), a higher destruction rate for $5 notes, and an increase in the order for $100 notes. Transactional denominations account for nearly 80 percent of the FY 2015 order, $100 notes account for another 18 percent, and $2 and $50 notes account for the remainder of the order.

Appendix

Chart 1
Fiscal Year Print Orders

Footnotes

1. The BEP operates on a fiscal year that begins on October 1 and ends on September 30. The Board submits its annual order for Federal Reserve notes at least 60 days before the beginning of the BEPís fiscal year. Return to text.

2. Unfit notes are notes received in deposits from depository institutions that are destroyed because they do not meet the Federal Reserveís quality criteria for recirculation. Return to text.